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North America Procurement as a Service Market By Component, By Enterprise Size, By Application, By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027

  • ID: 5354479
  • Report
  • June 2021
  • Region: North America
  • 118 pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

FEATURED COMPANIES

  • Accenture PLC
  • Broadcom, Inc.
  • Genpact Limited
  • GEP
  • IBM Corporation
  • Infosys Limited
  • MORE
The North America Procurement as a Service Market is expected to witness market growth of 7.3% CAGR during the forecast period (2021-2027).

Procurement as a service is considered as an outsourced procurement tool that blends employee, technology, and knowledge with an aim to better manage some parts, if not all, of your company's procurement tasks. Technology is effective and helpful for a company to keep a check on where the money is being spent and where it can save its resources. It assists them to choose the categories for sourcing and allocate category experts to manage purchasing tasks for those categories. It completely depends on the technology to do the procurement and sourcing, monitor purchases and payments and manages three-way matching to ensure a company is paying for the right thing.

The majority of the procurement as service vendors allow the visibility of the process for the companies they collaborate with, commonly using a reporting portal. With this, it becomes feasible to gain access to the procurement and analytics tools in order to allow a company to run its own reports, monitor inventory, and upload payments. It is quite similar to SaaS, or software as a service, but manages procurement services.

North America is considered as one of the critical regions for the growth & demand of several products & services due to supportive government policies to fuel innovation, the existence of a massive industrial base, and massive adoption of industrial automation services in well-established nations like the US and Canada. The North American region is a significant hub for technological developments and always remained at the forefront to adopt the latest technologies.

The companies in the North American region are aiming to enhance their procurement operations and installing the best practices for procurement operations. Procurement outsourcing assists businesses in improving the effectiveness of procurement activities. It also helps them to obtain a competitive edge over other key players operating in the regional market. The existence of leading players in the region is likely to accelerate the growth rate of the regional market. The growth of the regional market is expected to be fueled by the optimistic landscape of BPO evolution and increasing focus on providing personalized solutions.

The US market dominated the North America Category Management Procurement as a Service Market by Country 2020, thereby, achieving a market value of $283.2 million by 2027. The Canada market is experiencing a CAGR of 10.3% during (2021 - 2027). Additionally, The Mexico market is expected to witness a CAGR of 9.4% during (2021 - 2027).

Based on Component, the market is segmented into Strategic Sourcing, Process Management, Category Management, Transaction Management, Spend Management, Contract Management, and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprise. Based on Application, the market is segmented into Manufacturing, Retail, BFSI, Healthcare, IT & Telecom and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Accenture PLC, Broadcom, Inc., HCL Technologies Ltd. (HCL Enterprises), Genpact Limited, Infosys Limited, Wipro Limited, Tata Consultancy Services Ltd., GEP, and WNS (Holdings) Ltd.

Scope of the Study

Market Segments covered in the Report:

By Component
  • Strategic Sourcing
  • Process Management
  • Category Management
  • Transaction Management
  • Spend Management
  • Contract Management
  • Others
By Enterprise Size
  • Large Enterprises
  • Small & Medium Enterprise
By Application
  • Manufacturing
  • Retail
  • BFSI
  • Healthcare
  • IT & Telecom
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • IBM Corporation
  • Accenture PLC
  • Broadcom, Inc.
  • HCL Technologies Ltd. (HCL Enterprises)
  • Genpact Limited
  • Infosys Limited
  • Wipro Limited
  • Tata Consultancy Services Ltd.
  • GEP
  • WNS (Holdings) Ltd.
Unique Offerings from the Publisher
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accenture PLC
  • Broadcom, Inc.
  • Genpact Limited
  • GEP
  • IBM Corporation
  • Infosys Limited
  • MORE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Procurement As A Service Market, by Component
1.4.2 North America Procurement As A Service Market, by Enterprise Size
1.4.3 North America Procurement As A Service Market, by Application
1.4.4 North America Procurement As A Service Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan - 2021, May) Leading Players

Chapter 4. North America Procurement as a Service Market by Component
4.1 North America Strategic Sourcing Procurement as a Service Market by Country
4.2 North America Process Management Procurement as a Service Market by Country
4.3 North America Category Management Procurement as a Service Market by Country
4.4 North America Transaction Management Procurement as a Service Market by Country
4.5 North America Spend Management Procurement as a Service Market by Country
4.6 North America Contract Management Procurement as a Service Market by Country
4.7 North America Other Component Procurement as a Service Market by Country

Chapter 5. North America Procurement as a Service Market by Enterprise Size
5.1 North America Procurement as a Service Large Enterprises Market by Country
5.2 North America Procurement as a Service Small & Medium Enterprise Market by Country

Chapter 6. North America Procurement as a Service Market by Application
6.1 North America Manufacturing Procurement as a Service Market by Country
6.2 North America Retail Procurement as a Service Market by Country
6.3 North America BFSI Procurement as a Service Market by Country
6.4 North America Healthcare Procurement as a Service Market by Country
6.5 North America IT & Telecom Procurement as a Service Market by Country
6.6 North America Others Procurement as a Service Market by Country

Chapter 7. North America Procurement as a Service Market by Country
7.1 US Procurement as a Service Market
7.1.1 US Procurement as a Service Market by Component
7.1.2 US Procurement as a Service Market by Enterprise Size
7.1.3 US Procurement as a Service Market by Application
7.2 Canada Procurement as a Service Market
7.2.1 Canada Procurement as a Service Market by Component
7.2.2 Canada Procurement as a Service Market by Enterprise Size
7.2.3 Canada Procurement as a Service Market by Application
7.3 Mexico Procurement as a Service Market
7.3.1 Mexico Procurement as a Service Market by Component
7.3.2 Mexico Procurement as a Service Market by Enterprise Size
7.3.3 Mexico Procurement as a Service Market by Application
7.4 Rest of North America Procurement as a Service Market
7.4.1 Rest of North America Procurement as a Service Market by Component
7.4.2 Rest of North America Procurement as a Service Market by Enterprise Size
7.4.3 Rest of North America Procurement as a Service Market by Application

Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Accenture PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Broadcom, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 HCL Technologies Ltd. (HCL Enterprises)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Genpact Limited
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Acquisition and Mergers:
8.6 Infosys Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Wipro Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research and Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Tata Consultancy Services Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Partnerships, Collaborations, and Agreements:
8.8.5 SWOT Analysis
8.9 GEP
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. WNS (Holdings) Ltd.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.10.4.2 Acquisition and Mergers:
Note: Product cover images may vary from those shown
  • IBM Corporation
  • Accenture PLC
  • Broadcom, Inc.
  • HCL Technologies Ltd. (HCL Enterprises)
  • Genpact Limited
  • Infosys Limited
  • Wipro Limited
  • Tata Consultancy Services Ltd.
  • GEP
  • WNS (Holdings) Ltd.
Note: Product cover images may vary from those shown

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